Companies Act 2014
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Length of notice of general meetings to be given by traded PLC | ||
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1102. (1) In its application to a PLC which is a traded PLC, section 181 shall apply as if— | ||
(a) the following subsection were substituted for subsection (1): | ||
“(1) Subject to section 1102 (2), a general meeting of a company (whether an annual general meeting or an extraordinary general meeting), other than an adjourned meeting, shall be called by not less than 21 days' notice.”; | ||
and | ||
(b) subsection (2) were omitted. | ||
(2) Notwithstanding section 181 (1) as it applies by virtue of subsection (1) of this section, a general meeting of a PLC which is a traded PLC (other than an annual general meeting or an extraordinary general meeting for the passing of a special resolution) may be called by not less than 14 days' notice if— | ||
(a) the PLC offers the facility for members to vote by electronic means accessible to all members who hold shares that carry rights to vote at general meetings; and | ||
(b) a special resolution reducing the period of notice to 14 days has been passed at the immediately preceding annual general meeting, or at a general meeting held since that meeting. |